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Journalists will be allowed to “stick their noses” into UBO registers. Right or wrong?
The debate around UBO registers drags on. As anticipated, Spain just launched its new UBO register (“UBOR”), adapted to the CJEU’s ruling of November 22, 2022. As is well known, such ruling declared that allowing access to UBORs to the general public in all cases was contrary to the right to privacy and to the…
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Spain- New regulation on the access and use of the UBO Register
This post is dedicated to my good friend and ICC FraudNet fellow member, Martin Kenney, “the oracle of the BVI”. Martin had long proclaimed that unrestricted access to beneficial ownership registries was contrary to the right to privacy and would have a counterproductive effect in terms of asset tracing and recovery. As is well known,…
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Don’t come to me with “Achmeas” nor “Komstroys”- ICSID “Antin” award fully enforceable in England against Spain, according to English Court
A London court ruled on 24 May 2023 that Spain can’t use state immunity nor EU law to avoid paying a €120 million ICSID arbitration award (the Antin award) for cutting back its economic incentives for renewable energy projects. The investors, Infrastructure Services Luxembourg SÀRL and Energia Termosolar BV, argued that Spain was bound by…
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Wine Fraud in Spain: Has Over-Regulation of the Industry Led to Self-Sabotage?
When it comes to wine fraud, what often springs to mind are characters such as Rudy Kurniawan, who produce counterfeit versions of prestigious wines. As the perpetrator in one of the most high-profile wine fraud cases in history, Kurniawan was deported from the US earlier this year after being convicted in 2013 of conning wealthy…
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Hector Sbert 